In this Waves technical analysis, we will examine the current price action, trading volume, key levels and indicators for WAVES-BTC. Waves is a blockchain-based platform that enables the creation and trading of custom tokens, allowing users to easily issue and manage their own digital assets. These tokens can be used for various purposes such as fundraising, representing assets, or even creating new currencies. With its user-friendly interface and flexible architecture, Waves has become a popular choice for individuals and businesses looking to leverage the power of blockchain technology.
Waves Price Overview:
As of July 08, 2024, Waves is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for WAVES-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 1e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 12,319.20 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): Waves reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for WAVES-BTC was approximately 1e-05 BTC.
- Close (C): At the time of analysis, Waves is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 4.77% |
| 3D Change (%) | -6.66% |
| 7D Change (%) | -12.20% |
| 30D Change (%) | -56.87% |
| 90D Change (%) | -68.51% |
| YTD Change (%) | -74.34% |
Over the past three days, WAVESBTC has fallen by approximately -6.66%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -12.20%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WAVESBTC maintaining a downward trend of approximately -56.87%, despite intermittent fluctuations. Examining the last 90 days, WAVESBTC has witnessed substantial decline of approximately -68.51%, reflecting strong long-term confidence. Year-to-date, WAVESBTC has steadily declined by around -74.34%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Waves Live Chart:
You can access a live price chart for WAVES-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 1.25341.
- Momentum score is -0.54326.
WAVES BTC Technical Analysis
Waves Trading Volume:
The trading volume for Waves (WAVES) over the past 24 hours has been insignificant, with approximately 12,319.20 BTC traded against WAVES. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): WAVES is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Waves is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for WAVES-BTC is currently in the extreme zone, around 24.87215. This suggests that Waves is in oversold territory.
Analysis from TradingView:
Our Key Takeaways:
Waves (WAVES-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the extreme RSI and insignificant trading volume are extreme signals for potential reversal movement.
Navigate Waves’s (WAVESBTC) potential downturns at 1.63e-05 BTC with bearish technical analysis, emphasizing weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on WAVES USDT Waves Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.